Partnering with Seth Choate provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

This is pretty important if you own property…but it can also provide assistance for your tenants too.When an area of the country is declared a Federal Disaster Area this opens up Federal Assistance for the residents of that area.

If that's true, then what benefit does the property loss from the previous years even provide (if you can just avoid capital gain by buying another house immeditately)?

I'm constantly amazed by what the naive will spend for a program run by a marketing professional with limited real estate experience and then refuse to spend a penny with someone who has done it for the last 20 years.  

I hope someone is able to answer my question, or at least provide some advice. 

An Attorney will help with creating an LLC.LLC is not required, may make getting financing more difficult.It may provide some asset protection.Most of the asset protection that you need will come from the insurance policy.Discuss with the insurance agent on situations that you are not protected.Have a discussion with an attorney if your extra concerns can be protected through an LLC.

It would costs you a couple thousand to have a professional do it for you...

Hi James, Welcome to the community- There are a lot of good professionals and resources here on bigger pockets to learn and grow. 

Hi Gary, Welcome to the community- There are a lot of good professionals and resources here on bigger pockets to learn and grow. 

I have been digging through the guidance and am wondering if anyone has ever taken advantage of the following clause regarding 203k improvement types from the HUD SFH Handbook 4000.1, pg 374:- "reconstructing a Structure that has been or will be demolished, provided the complete existing foundation system is not affected and will still be used;"- "repairing, reconstructing or elevating an existing foundation where the Structure will not be demolished;"Guidance link: https://www.hud.gov/sites/dfiles/OCHCO/documents/4000.1hsgh.pdfHas anyone ever built a new home on top of an existing foundation using a 203k loan?